While energy deregulation aims to help people afford the electricity they use, the fact that it opens the electricity market up to competition can sometimes encourage the wrong kinds of people. Energy deregulation allows organizations known as electricity providers (and their affiliates) to offer supply related energy services to energy consumers. The vast majority of these organizations and the people working for them are legit and offer many different types of products and services that are reasonable, fair, and are advertised with honesty and transparency. However, there are individuals out there who try to take advantage of consumers. They run...
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About 14 years ago, Texas deregulation laws initiated competition for electric companies. In Fort Worth, people in the community can pick a retail electric provider (REP), but not all renters, business owners and homeowners in Texas have this option. If consumers own a business, live or rent in the city, they can decide amongst Fort Worth electric rates in their ZIP code.